Rial Sergio 4

What Happened Sergio Rial, a director of Delta Air Lines (DAL), was granted an annual restricted stock award of 2,380 shares on June 18, 2026 and, separately, 1,272 shares were withheld to cover tax obligations tied to a prior restricted stock vesting. The withheld shares were reported as a disposition at $84.18 per share for a total of $107,077. The grant of 2,380 shares represents the board’s routine annual non-employee director award (valued at $200,000 under Delta’s policy).

Key Details

• Transaction dates: June 18, 2026 (grant and tax-withholding disposition).
• Disposition: 1,272 shares withheld at $84.18 = $107,077 (code F = tax withholding).
• Acquisition: 2,380 restricted shares granted (code A = award/grant); no per-share price reported for the award.
• Footnotes: F1 — shares withheld to satisfy tax liability from vesting of a June 20, 2025 restricted stock award; withholding approved by the Personnel & Compensation Committee and exempt under Rules 16b-3(d)(1) and 16b-3(e). F2 — the 2,380 shares are the annual restricted stock award for non-employee directors (approved June 18, 2026).
• Shares owned after the transactions: not specified in the provided summary—see the full Form 4 for post-transaction holdings.
• Filing timeliness: Form 4 was filed June 22, 2026. Given the June 18 transaction date, the filing appears timely under the SEC’s two-business-day rule.

Context This filing reflects routine director compensation and tax-withholding activity rather than an open-market sale or purchase decision. The grant is a standard non-employee director award; the withheld shares are simply a tax payment mechanism (code F), not an active selling decision that necessarily signals a change in sentiment. For a complete picture of the director’s current holdings and any other transactions, review the full Form 4 on the SEC EDGAR site.